1525 14th Ave, Seattle, WA 98122

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: residential above retail, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 5,391 reachable multifamily buildings in Seattle. Larger than 95% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 118,800 SF, King County Assessor
Lot size: 7,680 SF, King County Assessor
Year built: 2013, King County Assessor
Stories: 7, King County Assessor
Predominant use: Reo Flats, King County Assessor
Units: 108, King County Assessor
Assessed value: $28,488,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $239.80/SF, derived from assessor records
Lot coverage: 1547%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC3P-75 (M), King County
County use code: Apartment(Mixed Use)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): structured, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

1323 E Pine St, Seattle · 0 mi · 20,509 SF · built 1910 · assessed $311.67/SF
1300 E Pike St, Seattle · 0.1 mi · 44,102 SF · built 2019 · assessed $235.73/SF
1316 E Pike St, Seattle · 0.1 mi · 8,502 SF · built 1906 · assessed $436.98/SF
1420 E Madison St, Seattle · 0.1 mi · 80,674 SF · built 2017 · assessed $253.31/SF
1521 15th Ave, Seattle · 0.1 mi · 28,380 SF · built 1910 · assessed $266.42/SF
1620 13th Ave, Seattle · 0.1 mi · 17,504 SF · built 1908 · assessed $333.70/SF

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Sale history and market context

MakeMe Estimate: $27,739,259 (estimated market value), with a likely range of $25,337,162 to $28,627,143 (half of recent verified sales in this segment landed inside that range). Based on 98 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $257K per unit at the midpoint (108 units).

Current ownership dates to 2015 (about 11 years) per recorded transfers.

2015-03-26: $47,000,000 from Glenmont Madrona Reo Flats LLC to Asb Reo Flats LLC (part of a 5-parcel sale; price is the whole deal), rec. 20150327000537

2013-04-09: $13,540 from Private party to Glenmont Madrona Reo Flats LLC (part of a 8-parcel sale; price is the whole deal), rec. 20130411001464

2013-02-04: transfer from Madrona Real Estate Investors VII LLC to Glenmont Madrona Reo Flats LLC (part of a 5-parcel sale; price is the whole deal), rec. 20130206001595

2012-12-28: $2,600,000 from Poth Investments LLC to Madrona Real Estate Investors VII LLC (part of a 2-parcel sale; price is the whole deal), rec. 20121228002441

2012-12-26: $25,000 from Upper Pine LLC to Madrona Real Estate Investors VII LLC (part of a 5-parcel sale; price is the whole deal), rec. 20130104001403

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $21,070,800 (2015) to $28,488,700 (2026), up 35% over 11 years, per county tax rolls. The 2026 roll splits $28,488,700 into $0 land and $28,488,700 improvements.

Zoning: NC3P-75 (M) (per King County)

Lot: 7,680 sq ft

Rated views: Territorial

Nuisance flags: Traffic noise

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 81,556 SF; Basement, Parking 30,345 SF; Restaurant, Table Service 4,116 SF; Retail Store 2,783 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

Permit history

2025-09-11: Electrical, declared value $1,500 (Screened), permit 7106417-EL

2025-02-11: Electrical, declared value $5,800 (Screened), permit 7070039-EL

2024-09-11: Electrical, declared value $600 (Screened), permit 7045382-EL

2024-08-07: Electrical, declared value $600 (Screened), permit 7039886-EL

2013-01-23: Demolition (Complete), permit 6328750

Source: King County permit records (newest first).